China pauses new autonomous vehicle licenses after Baidu robotaxis stranded
NewsBytes | April 30, 2026 3:39 AM CST
Baidu stock drops 3.9%
This regulatory timeout is slowing down plans for companies like Baidu, Pony AI, and WeRide. Baidu's stock even dropped 3.9% in Hong Kong.
Despite the bump in the road, experts still expect China's self-driving market to grow big, reaching about $12.2 billion by 2030.
Meanwhile, Baidu's Wuhan operations are under investigation, but other companies say their services are running smoothly elsewhere.
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